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House Price Crash Forum


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About defweb

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  1. Any views on old basing or cliddesden parts of basingstoke This property has caught my eye though i wouldnt pay asking price http://www.rightmove.co.uk/property-for-sale/new-homes/property-19359708.html
  2. Offered asking price for a property between Chiselhurst and Bromley (sundridge) but someone beat me too it and i was unwilling to pay over the odds. Am looking for a property in this area up to 500k within walking distance or quick bus route to Elmstead Woods. Prices seem to be where they were in 2007 in contrast to Greenwich where I currently live where they are at all time highs.
  3. Aged 30 on 60k a year working in procurement for one of the big 4 supermarkets. Started 'proper' work in 2004 on a grad scheme earning 20k and have worked for a few blue chips in between (including a bank). Have savings of 130k built up over last 8 years although 20k of that was gifted. With no debts I was able to save from the get go and invest wisely. Although I rarely post i am an original HPC member who unfortunately finds himself in most expensive part of the country. With 4 x salary and a hefty deposit I'd be looking in the region of 400k but unfortunately that only gets an average 2 bed flat with 3k a year service charge to rub salt into the wound. Yes I could buy but have worked too hard to buy anything lacking the wow factor. Fear I won't find that in London on my income.
  4. People seem to have an emotional reacton to shorting. If the so called shorters push the price of the share below what constitutes fair value, they will get their fingers burnt. Traders will move and bid the share price back up again. If a company can be "short sold" into administration im afraid the company was doomed anyway and short selling enables quicker value discovery.
  5. Deserves every penny for the wealth he has created. If a bank turns a profit its entirely appropriate that those rewards are shared commensurate with personal contribution.
  6. I agree with some of the latter posts that this appears low. I work in Canary Wharf earning £52k. I was more than happy with this coming from outside the financial sector but upon joining it immediately became apparent how low i was on the pecking order. 50k was effectively entry level! I am 29 with a degree and a professional qualification but many of my peers of the same age are earning 65k plus as middle managers. Its another world here and i have to remind myself of that when i visit friends and the like in the real world.
  7. Loss making already? I must be looking at different annual accounts. Operating profit of close to 3bn every year since 2002. I have the dividends (for now) to prove it.
  8. well if the end goal is soley to own a house in this country then the depreciation of sterling matters little (provided foreigners dont suddently buy up all our cheap property which is unlikely given the strain they are also under). more broadly though it will be inflationary since we import more than we export. A fall in the value of a country's currency also depresses the confidence of its population, which has its own negative economic effects.
  9. what is the best value (i.e low charges) foreign currency account i can open? I know hsbc and a few other high street banks have this facililty but i imagine the fees vary considerably. Bit late but i want out of sterling as i have no confidence in this government and want to protect my wealth. Didnt think it would come to this when i fist signed up to this forum many years ago. Just wanted reasonable house prices. thanks
  10. I know they make their porcelain china plates in india. Am certain someone will pick up this business as it is seen as "quaint" and "british" to the overseas market.
  11. What parts in particular? i know Andover is taking a hammering
  12. some of the trackers on the market are tempting and may lead me to enter the housing market early next year. The HSBC tracker for example at 1.69 above base rate for those who can meet 60% LTV. There are no exit charges so when things go the other way i could jump onto a fix. Of course that means any mortgage i get needs to be affordable at twice the variable rate, but in the short term i save a packet while rates are low.
  13. i rented in windsor from March to end of October this year. Found the place to be very pleasant with all the amenities it has so i catn fault it there. That said, it has terrible train links into central London. It should not take an hour to get into central london (south west trains) and the great western service is only to paddington. I used to live in hampshire and it was easier to get into london from there in my opinion. The plane noise is pretty bad but you do get used to it. I remember my first week getting the shock of my life first thing in the morning at 6am and it goes right through to 11pm. I work at heathrow and can say that traffic is not a problem. I tended to hit the m4 by 7.40am and had no problems and was smooth going all the way onto the a4 bath road. in the end i moved out as i felt i was paying too much for not very much. Lived ina two bed apartment (trevelyan court) and paid £1250 where most were going for 1300. Felt like i was living in student halls and decided to cut loose.
  14. well i got in at 1.05 this morning. i still have faith that the dividend will hold up. If BT fails as a company then my losses will be insignificant. Saying that we are still waiting for our first corporate failure outside of banking. happy days
  15. British Airways Voluntary severance update. "Four hundred and fifty managers have applied for voluntary severance, the company has announced. This represents a third of those managers eligible to apply for the scheme. Most are expected to leave British Airways on December 31. Chief executive Willie Walsh said: “We have reviewed all the applications and, as we said we would, we have decided to accept them all. “We are pleased with the take up for the scheme. The number is in line with our expectations and means we can deliver on our commitment to reduce our management headcount.” The company announced the scheme in September as one of its responses to the unprecedented trading conditions affecting the industry"
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